UOB joins in pushing forward the Bangchak Group’s move towards energy transition. Support credit lines and working capital (UOB’s Transition Finance)

UOB supports Bangchak Group in energy transition by providing trade and transition loans (UOB’s Transition Financing Framework) with a total credit limit of USD 290 million. to the Bangchak Group of Companies, including Bangchak Corporation Public Company Limited, BCP Trading Pte. Ltd. (BCPT), and Esso (Thailand) Public Company Limited, and revolving funds of USD 30 million.

Bangchak is the first company in Thailand to be financially supported by UOB Bank. Under UOB’s Transition Financing Framework, it is designed to support companies in their energy transition towards clean energy. Reduce carbon emissions, such as producing low-carbon alternative fuels. Increasing efficiency in the production process Carbon capture, utilization and storage (CCUS) and carbon credit compensation.

Source: Thai News Agency